Why would Rick want us to buy when real estate isn’t booming?
I have been selling real estate for 28 years and this is the best buyer’s market we’ve ever had! Consider the reasons that make this a good time to buy:
1) Interest rates are low. Now you’re wondering how I can say that 6.5% rates are low, when a year ago you could get 5.5%? In the early 80’s we were selling homes with rates of 12%-18%. There were times I even believed we may never see interest rates as low as 10% again. 6.5% is a low and affordable interest rate.
2) You have many homes to choose from, and many of the homes built in the past 10 years are better than the typical older home. How are they better? There is more light, better energy efficiency, better floor plans, and newer neighborhoods that historically appreciate faster.
3) Sellers ar more flexible than the have ever been!!! Sellers are coming off of their prices, paying buyers closing costs, financing and doing improvements to make the sale work that they wouldn’t do in the past. Sellers that are not doing these things aren’t selling their homes, they are simply putting up a sign that says: For Sale.
4) Prices in some areas have dropped by $50,000 from where they were selling in July of 2005. Do not try to wait for the very bottom, as the market can shift in the blink of an eye.
My desire for 28 years has been to serve your real estate needs. Call me so we can discuss ideas you may have had about upgrading from your own home, buying investment properties or helping the kids get into a home.
Rick Lund
www.ricklund.com
Ferrari-Lund Real Estate
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